Is Belle Mead, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belle Mead is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, Belle Mead has remained a Seller's Market.

Key Takeaway

Belle Mead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Belle Mead, NJ cost?

Median Sold Price

$880,000

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$119,000(+15.6%)

Key Takeaway

Homes in Belle Mead have sold for 15.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $226K$224.2K
-0.8%
2 $349K$416K
+19.2%
3 $503K$513.5K
+2.1%
4 $770K$895K
+16.2%
5+ $870K$1.0M
+17.8%

Median Sold Price Compared To Nearby Cities

Franklin Township
+16.2%
Belle Mead
+15.6%
Montgomery Township
+11.6%
Skillman
+11.5%
Hillsborough
+1.2%

How many homes are available in Belle Mead, NJ?

Number of Homes For Sale

Nov 2022Dec 2022%
2625-3.8%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 11
0.0%
2 22
0.0%
3 54
-20.0%
4 1013
+30.0%
5+ 85
-37.5%

Number of Homes Sold

Nov 2022Dec 2022%
311+266.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belle Mead, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Average Sale Time

Dec 2021Dec 2022%
34 Days27 Days-21.1%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Belle Mead are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Belle Mead, NJ

Belle Mead, NJ has 25 homes on the market. The number of homes for sale in Belle Mead, NJ decreased by 3.8% between November 2022 and December 2022. Listings spent 27 days on the market in December 2022, and had a median list price of $880,000 during the same period. Between November 2022 and December 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices decreased by 0.8%, prices of 2 bedrooms properties went up by 19.2%, 3 bedrooms properties became 2.1% more expensive, 4 bedrooms properties prices increased by 16.2%, 5 bedrooms properties prices increased by 17.8%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went down by 20%, volume of 4 bedrooms homes went up by 30%, 5 bedrooms homes became 37.5% less available. Over 6 listings were sold over their listed price in December 2022 in Belle Mead, NJ. In the same period over 5 listings were sold below the listed price and 0 listings were sold for the listed price.

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